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Money · Ages 10+ · Set B
Supply and demand
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B
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Goal: 15 min
Score/ 12
Remember: A price settles where the number wanted meets the number offered.

Questions

1
Which one is not true about supply, demand and Juno's scarves?
📉Unsold scarves piling up can push a price down🥺A shortage is more people wanting one than are made👑The biggest seller alone sets the market price
2
Which scarf price is the one where six people want one?
🔟a ten-coin scarfa six-coin scarfa four-coin scarf
3
Which one is true about supply, demand and Juno's scarves?
👑The biggest seller alone sets the market price🥺A shortage is more people wanting one than are made🧺At the market price many scarves are left over
4
Which one is not true about supply, demand and Juno's scarves?
🔼A higher price makes more people want one🧭No single person decides the market price🧶Supply is how many are offered at a price
5
Which one is true about supply, demand and Juno's scarves?
👑The biggest seller alone sets the market price📉Unsold scarves piling up can push a price down🔼A higher price makes more people want one
6
Which one is true about supply, demand and Juno's scarves?
🧶Supply is how many are offered at a price🏭A shortage means too many are made🧺At the market price many scarves are left over
7
📦Is it false? A surplus is more made than people want.
TrueFalse
8
👑True or false? The biggest seller alone sets the market price.
TrueFalse
9
🏭Is it false? A shortage means too many are made.
TrueFalse
10
🥺True or false? A shortage is more people wanting one than are made.
TrueFalse
11
Which one is not true about supply, demand and Juno's scarves?
🧺At the market price many scarves are left over🚶A long queue can push a price up🧭No single person decides the market price
12
Which one is true about supply, demand and Juno's scarves?
🏭A shortage means too many are made❄️A cold snap can make more people want scarves👑The biggest seller alone sets the market price
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